- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
No, you should not have a 4797. I don't know why the land is being treated separately, since this is the first time I've seen this. You are supposed to separate out the land, since it is not depreciable. But, for purposes of the exclusion, it should all be one property.
My only recommendation is to delete all of it and re-do it.
March 29, 2021
7:32 AM